Stock Market News: ITC slips about 4%

ITC slips about 4%; close manufacturing plants to follow SC order

Share prices of cigarette creator ITC slipped almost 4 percent intraday Friday as the organization has closed its plants from May 04, 2016.

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The organization has chosen to close its cigarette manufacturing plants from May 04, 2016 until the organization is in a position to follow the between time necessities pending hearing in the Karnataka High Court.

At 09:25 hrs ITC was citing at Rs 310.05, down Rs 7.50, or 2.36 percent on the BSE.